The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-04-09
COMMERCIAL HOLIDAY.
BUSINESS AT THE EXCHANGES
SUSPENDED.
No Market Reports Received From
Any P0lnt-HOme Items OF
Local Interest.

gal hobby in many ates, no marke
reports were received at Memphi
from any point at the Cotton ant
MeichaDts' Exchanges. Ii was not
bank holiday, however, all the bank
being open and doing regular bust
ness. In the absence OF any quotation
reports, the following commercial re
sumo is presented:
4 CLEARING HogsE REPORT.
The Memphis Clearing House 10
port yesterday was .ss follows: Clear
ings, S349.4l 38; balances, $85, $50 81
Thus far this week Clearings, 81 ,87l,
776 so; balances, $484,777 81. same
time last week-Olesrings, $l,67S,
9Sl %; balances, 1881 1905 so. Cor
responding time in l8S6-ClesrinRs
4 $l,484, 4i8 81; balances, 1874, 043 46.
Core ,pondipg time in 1886-Clear.
ings, $l,29S,3i2 81; balances, $751;.
e05 81.
COMMERCIAL HOLIDAYS.
The Liverpool Cotton Exchange
closed on Thursday evening and Will
remain closed unit Tuesday morning
next. The New York, New Orleans
ouh Ihoulpuls NOtlOu EACuhDBSt
closed yesterdsy-G ood Friday.
WEEKLY Cotton STATEMENT.
Cotton receipts for the week en- ding
April S.h, 1891 bales. last weeks re-,
ceipts, 1856; receipts for the week
ending april s, 1886, 4264; weeks
shipments, 7467. ss against Ii 1857 for
same week in 1885, and S9S8 for the
corresponding week in 1885; stock on
hand, 38, 272 bales; to al receipts sincs
September LIST, 647,l44; total ship.
ments. 605,460.
DAILY COTTON sTATRMRNT.
Cotton stock September LIST, 1000;
received April Sth, 934; received pre-.
viously, $40 2l0; 'otal, 65l 1853; ship.
ments April 8h, 1872 bales; shipped
f. previously, 6C4,67S; burnt, etc., 1907;
home consumption to date, 5l4; total,
6l2,SSl stock running account, 38,272.
The imports were ~ follows: Thus
far this week, 1891 bales; thus far last
week, 1856 bsles; since September 1st,
SAT, LA bales. Memphis and Charles.
ton road, S8S bales; Mississippi and
Tennessee, 3; Louisville and Nashville,
"a; Memphis and Little Rock, ia;
Chesapeake, Ohio and Southwestern,
20; Louisville New Oilears and Tex.
az, 2S; Karsas City, Springfield and
Memphis, IA; Memphis, Selma and
Brunswick, 100; steamers, 43; wagons
and other source, 100. Total, 1874
bales. Exports: Thus far this week,
7467 bales; thus far last week, 1916
bales; since September LIST, sos ago
halQa Nd Nho
SOB bales; Louisville and Nashville,
So; Chesapeake, Ohio and South
western, SO. Total, 1872 bales.
IMPORTANT MEETING.
This forenoon at IL o'clock an ad-
joufned meeting of the Merchsnt's
Exchange, and citizens generally, will
be held tor the purpose of hearing
the report Of the r al Edate Com |
mittee, with a view to discuss ways |
and means OF properly and Seffect- |
ually presenting the unrivsled adj |
vantsges possessed by Memphis as the |
natural commercial and distributing
center of the Mississippi Valley, aud |
inviting the safe and remunera i've IN
vestmebt capital in real estate and |
in commercial and manufacturing pur-
suits. Gre at interest is felt in the
proposed maeting and large attend.
anCe is expected.
no MARKET REPORTS.
The Merchants Exchange was prac-
tiCalIy closed yesterday, no market
reports being rs csived from any point.
A Stock Call Board WaI he'd and the
following sales were made: $j00c Git
liens City Railway Company 6s at 100.
TIE bidding and offerings on local
stocks were lively and liberal. There
were no changes made by the COM
mittees IN the general trade reports.
STOCK CALL BOARD MEETING.
Tuesday next, April 10Th, a meeting
OF the Stock Call Board Exchange will
be held for the purpose of acting upon
proposed additional rules governing
transactions made at the stock call.
The pre- posed rules are az follows:
Until otherwise determined the fol.
lowing rules governing purchases and
Gales of stocks and bonds on this Ex.
charge shall bo in force:
FUa.-Bids and off, rs, when not
accompanied by any amount, ehall in
every case be construed to be for fifty
shares of stock, or for $4,000 bonds, as
the case may be.
eecond.-All bids or offers, unless
otherwise stated, shall be for regular
delivery on the following day. "Cash"
bids and offers shall mean delivery on
day of Gale, before O'Clock I'm.
1hTd,-Time bids and offers not 1
exceeding sixty days may be made, {
hnt no snch bid or cfes shall be j
deemed regular quotations.
Fourth.-In ell transactions other
than "cash" or regular" that is, time 2
transaction5-unless the bid or offer
was fiat" the carrying party shall be
entitled to interest at the rate OF 6 per \
cent. per Rnnum to date of delivery. 4
Either party in such time transactions q
shall have the right to call for mar 4
gin deposit of 5per cent, to be placed !
with some trust company. J
Fifth ALI failures to receive or ]
deliver securities bought or sold Y
shall be reported to the s
of this Exchange on +
he morning following the default. 4
The secretary shall then publicly buy u
,r sell the security so undelivered and 9
he defaulting party shall be liable TO 4
he o hsr for any differences. The u
secretary shall announce all such pur- Z
,hases or sales as being made under +
Rule 5. P
SiEth No member in defaul. under 7
Rule shall be permitted to transact \
my further business on this board O
Until default is removed,i T